1099-R NEW JERSEY 3-year vs general rule

[MGC94]

Taxpayer 53 

retired police NJ division of pen

Mbos total pension contributions $208,925.33

1099-R for 2022 $38,579.45

Gross monthly pension statements $5,511.35 

Pension Worksheet NJ 

Part D- General Rule (I need help) I've called the pension company/ I've called the NJ tax practitioner line / IRS/ Proseries

$5,511.35 x 12 months x 3 years he would recover $198,408.60 (I know its less because the first year he recovered $38,579.46)

PART D line 1. $ $208,925.33

line 4 amount received this year $38,579.46 

WHAT I CAN NOT FIRGURE OUT IS LINE 2 EXPECTED RETURN ON CONTRACT (TOTAL SUM OF DISTRIBUTIONS- PAST, PRESENT, FUTURE) 

Like I said before I have called IRS, Tax P line for NJ, Pension phone number that came with the directions. I have read the directions. I have looked at Actuarial tables. I have read the state of NJ pub. Pension people do not know/ State of NJ P line also did not know/ neither did the IRS.

Can someone please help me! Line 2 only. What am I missing. Also, proseries customer service did not know. I get that I think I have to predict his life expectancy? I have Pub 939 printed. Male Age 53 MULTIPLES 27.1? 

Thank you!

[Terry53029]

This is from NJ pub GIT-1

 *The expected return on the contract is the amount a plan participant is likely to receive over many years. If life expectancy is a factor under your plan, you must use federal
actuarial tables to calculate the expected return. The federal actuarial tables are
contained in Internal Revenue Service Publication 939.

Here is the link to the pub which explains both rules very clearly.

https://www.state.nj.us/treasury/taxation/pdf/pubs/tgi-ee/git1&2.pdf

[MGC94]

Hi Terry. I have already read that. The part I do not get is figuring out the actuarial tables. I have the table printed. Next to male age 53 is multiples 27.1 

Do I do $66,136.20 x 27.1 years? 

I do not get it 

[Terry53029]

What table are you using. Here is the instruction from pub 939. You use the multi times the amount your clients expects to receive yearly

Effective July 1, 1986, the IRS adopted new annuity Tables V through VIII, in which your sex isn't considered
when determining the applicable factor. These tables correspond to the old Tables I through IV. In general, Tables
V through VIII must be used if you made contributions to
the retirement plan after June 30, 1986. If you made no
contributions to the plan after June 30, 1986, generally
you must use only Tables I through IV. However, if you received an annuity payment after June 30, 1986, you may
elect to use Tables V through VIII (see Annuity received
after June 30, 1986, later).

[MGC94]

Page 14 of pub 939 (December 2018) printed this year 

[MGC94]

Anything else you can do to help?

[MGC94]

Hi Terry. Just checking back